Dawson Geophysical (NASDAQ:DWSN) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Dawson Geophysical Company (NASDAQ:DWSN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.70 and traded as high as $1.8009. Dawson Geophysical shares last traded at $1.76, with a volume of 83,398 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dawson Geophysical in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Dawson Geophysical Stock Up 8.6%

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day simple moving average of $1.87 and a 200 day simple moving average of $1.70. The stock has a market cap of $54.65 million, a PE ratio of -14.67 and a beta of -0.09.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported ($0.04) EPS for the quarter. Dawson Geophysical had a negative net margin of 5.15% and a negative return on equity of 19.72%. The firm had revenue of $22.75 million during the quarter.

Hedge Funds Weigh In On Dawson Geophysical

Several hedge funds have recently bought and sold shares of DWSN. Citadel Advisors LLC grew its holdings in Dawson Geophysical by 67.9% during the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 24,504 shares during the last quarter. Two Sigma Investments LP acquired a new position in Dawson Geophysical in the 3rd quarter valued at $52,000. Teton Advisors LLC bought a new position in Dawson Geophysical in the 3rd quarter worth $35,000. Grace & White Inc. NY lifted its position in Dawson Geophysical by 5.0% during the 3rd quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock worth $1,601,000 after acquiring an additional 43,457 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its holdings in Dawson Geophysical by 19.0% during the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 8,360 shares during the period. 7.86% of the stock is owned by institutional investors and hedge funds.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.